Office/Flex Mixed-Use
2301 North 10th Street Phoenix, AZ 85006
For Sale
$1,350,000
Versatile office and warehouse space with roll-up doors, plus yard and parking, in a flexible R-4-zoned setting.
Property Size3,812 SF
Lot Size0.24 Acres
Price / SF$354.14
Days on Market51
Property Features for 2301 North 10th Street
General Information
Standard status
Active
Size
3,812 SF
Lot size
0.24 Acres
Property subtype
Street Retail
Building Details
Year Built
1930
Listing Agency:
R.O.I. Properties
(602) 319-1326
Listed By:
Beth Jo Zeitzer · License #BR044331000
(602) 319-1326
Source:
Thebrokerlist
Added: Jun 7
Changed: Jul 10
Last Checked: Jul 27 at 9:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of R.O.I. Properties
Investment Insights
Based on property information with market context.
2301 N 10th St is a mixed-use office/flex property with a layout that can support a range of commercial and creative uses. The building is approximately 3,812 SF and sits on an approximately 10,517 SF lot. Originally constructed in 1930 and substantially renovated over time, it features roll-up doors, polished concrete floors, multiple HVAC systems, and updated electrical. In addition to office and warehouse/storage space, the property includes apartment/living quarters and an outdoor yard area, with ample parking on site.
Located in central Phoenix just south of the Phoenix Country Club, the property is positioned in an area described as undergoing significant revitalization and live-work-play growth. While the broader submarket context is highlighted as active redevelopment, the asset itself is designed for flexible occupancy, allowing for both single- and multi-tenant configurations under its zoning.
The flexible R-4 zoning and adaptable interior/exterior improvements make this property suitable for tenants or owners seeking a functional live-work-study or office-and-warehouse style setup, including uses involving storage and ground-level access through roll-up doors. For buyers evaluating adaptive reuse, the combination of office/flex space, warehouse/storage, outdoor yard, and on-site parking provides multiple configuration options for future operators.
Located in central Phoenix just south of the Phoenix Country Club, the property is positioned in an area described as undergoing significant revitalization and live-work-play growth. While the broader submarket context is highlighted as active redevelopment, the asset itself is designed for flexible occupancy, allowing for both single- and multi-tenant configurations under its zoning.
The flexible R-4 zoning and adaptable interior/exterior improvements make this property suitable for tenants or owners seeking a functional live-work-study or office-and-warehouse style setup, including uses involving storage and ground-level access through roll-up doors. For buyers evaluating adaptive reuse, the combination of office/flex space, warehouse/storage, outdoor yard, and on-site parking provides multiple configuration options for future operators.
Key Highlights
- Approximately 3,812 SF office/flex building on a 10,517 SF lot in Central Phoenix.
- Flexible R‑4 zoning with suitability for single‑tenant or multi‑tenant occupancy.
- Features warehouse space with roll‑up doors for flexible office/flex/industrial use.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $117.1k | $30.72 |
| − Vacancy | −$30.1k | −$7.90 |
| EGI | $87.0k | $22.82 |
| − OpEx | −$21.8k | −$5.71 |
| NOI | $65.3k | $17.12 |
3,812 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$932.2K
$815.7K – $1.09M
NOI $65,257 @ 7.0% cap · market cap 4.83%
Second Best
Flex RnD
$598.1K
$523.3K – $697.8K
NOI $41,865 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$1.15M
$1.01M – $1.35M
NOI $80,828 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- iL TOCCO FOOD — 215 e catalina dr, phoenix, az 85012
Frequently Asked Questions
What type of property is this?
Flex space - Versatile office and warehouse space with roll-up doors, plus yard and parking, in a flexible R-4-zoned setting.
Where is this flex space located?
The property is located at 2301 North 10th Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Approximately 3,812 SF office/flex building on a 10,517 SF lot in Central Phoenix.; Flexible R‑4 zoning with suitability for single‑tenant or multi‑tenant occupancy.; Features warehouse space with roll‑up doors for flexible office/flex/industrial use.
